Fundamentals for the Day
US CPI has reduce from 2.9% to 2.5% yesterday @ 6 pm.
This Indicates ON 18th Sept US is going to hike its interest rate by 0.5% but this time after looking @ Yesterday's CPI data it shows that Interest rate can be CUT more than 0.5% to 1 %
Gold
Range: 72250 - 71150
Our Preference: Sell Gold 72200 for target 71150 with SL 72450+ only if sustain
Alternative Scenario: Buy Gold 71150 target 71850 with back up buy 70950 SL 70850
Breakout Sell 70850 for target 70350
Silver
Range: 85000 - 82250
Our Preference: Sell Silver 85000 target 83000 with SL 85300
Alternative Scenario: Buy Silver 83000 target 85000 with SL 300 point
Last Buy for the Day 82300
Breakout Sell 82000